MCGEE FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- MCGEE FOUNDATION (EIN 55-0720406)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-15
- IRS object ID
- 202423209349106672
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-15T15:40:08-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 540504608 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BROWN EDWARDS & COMPANY LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 707 VIRGINIA STREET EAST SUITE 300 | AddressLine1Txt |
| City | CHARLESTON | CityNm |
| State Abbreviation | WV | StateAbbreviationCd |
| ZIP | 25301 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 550720406 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE MCGEE FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MCGE | BusinessNameControlTxt |
| Phone | 6812488097 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 6193 | AddressLine1Txt |
| City | CHARLESTON | CityNm |
| State Abbreviation | WV | StateAbbreviationCd |
| ZIP | 253620193 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | STEPHEN E KAWASH | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 6812488097 | PhoneNum |
| Signature | 2024-10-21 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KELLI VANCE | PreparerPersonNm |
| PTIN | P00366597 | PTIN |
| Phone | 3043434188 | PhoneNum |
| Preparation | 2024-10-21 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $19,108,560 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $50,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $43,451 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $43,451 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $253,723 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $253,723 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$59,638 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $7,417,925 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $26,391 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $26,391 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $313,927 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $323,565 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $55,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $13,750 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $27,500 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $29,990 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $7,498 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $14,995 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $24,750 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $1,238 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $442,727 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $132,295 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $263,988 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $16,775 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $16,775 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $2,671 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $10,450 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $2,613 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $5,225 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $42,003 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $10,501 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $21,002 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $34,068 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $17,929 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $11,277 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $658,434 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $185,824 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $360,762 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $581,009 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $581,009 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,239,443 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $185,824 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $941,771 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$925,516 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $137,741 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $707,041 | CashBOYAmt |
| Cash EOY | $357,172 | CashEOYAmt |
| Cash EOYFMV | $357,172 | CashEOYFMVAmt |
| US Government Obligations BOY | $1,192,515 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $1,692,758 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $1,687,485 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $11,768,163 | CorporateStockBOYAmt |
| Corporate Stock EOY | $10,798,329 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $13,148,120 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $3,550,758 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $3,572,595 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $3,915,274 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $3,180 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $2,671 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $0 | LandBOYAmt |
| Land EOY | $509 | LandEOYAmt |
| Land EOYFMV | $509 | LandEOYFMVAmt |
| Total Assets BOY | $17,218,477 | TotalAssetsBOYAmt |
| Total Assets EOY | $16,421,363 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $19,108,560 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $17,218,477 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $16,421,363 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $17,218,477 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $16,421,363 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $17,218,477 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $16,421,363 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $17,218,477 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$925,516 | ExcessRevenueOverExpensesAmt |
| Other Increases | $130,067 | OtherIncreasesAmt |
| Subtotal | $16,423,028 | SubtotalAmt |
| Other Decreases | $1,665 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $16,421,363 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| BALENTINE 11086 | P | $257,230 | $257,320 | -$90 | -$90 |
| BALENTINE 11086 | P | $444,822 | $444,860 | -$38 | -$38 |
| BALENTINE 9244 | P | $3,253,148 | $3,257,779 | -$4,631 | -$4,631 |
| BALENTINE 9244 | P | $3,413,466 | $3,516,224 | -$102,758 | -$102,758 |
| LOSSES FROM K-1S | P | $1,380 | -$1,380 | -$1,380 | |
| GAINS FROM K-1S | P | $49,259 | $49,259 | $49,259 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$59,638 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1,915 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $1,915 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $1,915 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $13,600 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $13,600 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $49 | EsPenaltyAmt |
| Overpayment | $11,636 | OverpaymentAmt |
| Applied To ES Tax | $11,636 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | WV | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | STEPHEN E KAWASH | IndividualWithBooksNm |
| Phone | 6812488097 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 318 LEE STREET W | AddressLine1Txt |
| City | CHARLESTON | CityNm |
| State Abbreviation | WV | StateAbbreviationCd |
| ZIP | 25302 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| J MICHAEL HINES | ||||||||
| 4208 LORCUM LANE | ARLINGTON | VA | 22207 | SECRETARY | 1.00 | $9,500 | $0 | $0 |
| STEPHEN E KAWASH CPA | ||||||||
| 318 LEE STREET | CHARLESTON | WV | 253620193 | TREASURER | 10.00 | $0 | $0 | $0 |
| JOHN KUYKENDALL | ||||||||
| PO BOX 1768 | DAVIDSON | NC | 28036 | DIRECTOR EMERITUS | 1.00 | $9,500 | $0 | $0 |
| WILLIAM DEBERNIERE MEBANE JR | ||||||||
| 109 LAURENS ROAD SUITE 1D | GREENVILLE | SC | 29607 | CHAIRMAN & PRESIDENT | 1.00 | $17,000 | $0 | $0 |
| EMORY KINDER WRIGHT | ||||||||
| 821 BELMONT AVENUE | CHARLOTTESVILLE | VA | 22902 | DIRECTOR | 1.00 | $9,500 | $0 | $0 |
| CHRISTOPHER ALEXANDER | ||||||||
| PO BOX 6193 | CHARLESTON | WV | 253620193 | DIRECTOR | 1.00 | $9,500 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $14,312,274 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $697,717 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $3,915,274 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $18,925,265 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $18,925,265 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $283,879 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $18,641,386 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $932,069 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $932,069 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,915 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,915 | TotalTaxAmt |
| Distributable Before Adj | $930,154 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $930,154 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $930,154 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $941,771 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $941,771 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $930,154 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $758,982 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $941,771 | QualifyingDistributionsAmt |
| Applied To Year1 | $758,982 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $182,789 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $747,365 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| BLUEFIELD STATE UNIVERSITY | ||||||
| 219 ROCK STREET | BLUEFIELD | WV | 24701 | 501(C)(3) | DIRECT BENEFIT FOR STUDENTS THROUGH NEEDS BASED SCHOLARSHIPS | $100,000 |
| GLENVILLE STATE UNIVERSITY | ||||||
| 200 HIGH STREET | GLENVILLE | WV | 26351 | 501(C)(3) | DIRECT BENEFIT FOR STUDENTS THROUGH NEEDS BASED SCHOLARSHIPS | $100,000 |
| GREATER KANAWHA VALLEY FOUNDATION | ||||||
| 178 SUMMERS STREET | CHARLESTON | WV | 25301 | 501(C)(3) | DEVELOPING, IMPROVING, AND RESTORING ECONOMIC VITALITY IN THE WEST SIDE COMMUNITY | $200,000 |
| KANAWHA VALLEY COUNCIL ON PHILANTHROPY | ||||||
| 178 SUMMERS STREET | CHARLESTON | WV | 25301 | 501(C)(3) | DEVELOPING, IMPROVING, AND RESTORING ECONOMIC VITALITY IN THE WEST SIDE COMMUNITY | $10,000 |
| SOUTHERN WV COMMUNITY COLLEGE FOUNDATION | ||||||
| 2900 DEMPSEY BRANCH ROAD | MOUNT GAY | WV | 25637 | 501(C)(3) | DIRECT BENEFIT FOR STUDENTS THROUGH NEEDS BASED SCHOLARSHIPS | $100,000 |
| WEST VIRGINIA STATE UNIVERSITY FOUNDATION | ||||||
| 200 ERICKSON ALUMNI CTR | INSTITUTE | WV | 25112 | 501(C)(3) | DIRECT BENEFIT FOR STUDENTS THROUGH NEEDS BASED SCHOLARSHIPS | $68,509 |
| PHILANTHROPY WEST VIRGINIS | ||||||
| 191 SCOTT AVE | MORGANTOWN | WV | 26508 | 501(C)(3) | PROMOTING PHILANTHROPY THROUGHOUT WEST VIRGINIA AND ACROSS THE NATION | $2,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $581,009 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $43,451 | RelatedOrExemptFunctionIncmAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $253,723 | RelatedOrExemptFunctionIncmAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | -$59,638 | RelatedOrExemptFunctionIncmAmt |
Other Revenue Described OtherRevenueDescribedGrp (4 entries)
| DescDesc | ExclusionExclusionAmt |
|---|---|
| ORDINARY PASS THROUGH INCOME/LOSS | -$5,949 |
| RENTAL INCOME FROM EPI K-1 | -$41 |
| ROYALTY INCOME FROM K-1 | $30,880 |
| MISCELLANEOUS INCOME FROM K-1 | $1,501 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $26,391 | ExclusionAmt |
| Related Or Exempt Function Incm | $237,536 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $263,927 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (4 entries)
| Line NumberLineNumberTxt | Relationship StatementRelationshipStatementTxt |
|---|---|
| 3 | FUNDS RECEIVED AND EARNINGS ON INVESTMENTS ARE USED TO |
| 4 | FUND SPONSORSHIP OF CONSTRUCTION OF A CANCER CENTER AND A |
| 8 | SCULPTURE MUSEUM, FURTHER INTERNATIONAL JOURNALISM, AND |
| 11B | SUPPORT THE LOCAL ARTS. |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLAUDE WORTHINGTON BENEDUM FOUNDATION | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 223 FOURTH AVE 1400 | AddressLine1Txt |
| City | PITTSBURGH | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 15222 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $50,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $24,750 | Amt |
| Net Investment Income | $1,238 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (8 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 54,242 SH INVESCO EXCHANGE-TRADED FD TR II S&P 500 LOW VOLATILITY | $2,797,983 | $2,836,932 |
| 20,856 SH ISHARES TR MSCI USA QUALITY FACTOR ETF | $1,986,478 | $2,459,739 |
| 44.98 SH INVESCO EXCHANGE-TRADED SELF-INDEXED FD TR INVESCO OMFL | $773,881 | $884,509 |
| 8,573 SH VANGUARD INDEX FDS GROWTH ETF VUG | $2,289,935 | $2,665,174 |
| 17,989 SH WORLD GOLD TR SPDR GOLD MINISHARES TR NEW GLDM | $687,503 | $735,930 |
| 31,609 SH ISHARES TR MSCI INTL QUALITY FACTOR ETF | $948,153 | $1,065,652 |
| 57,579.902 SH AMG PANTHEON FUND LLC CLASS 3 | $198,426 | $1,340,098 |
| 113179.074 SH MONROE CAPITAL INCOME PLUS CORPORATION COM | $1,115,970 | $1,160,086 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $1,692,758 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $1,687,485 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | INVESTMENT IN PARTNERSHIPS | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $3,572,595 | BookValueAmt |
| EOYFMV | $3,915,274 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NONDEDUCTIBLE EXP & BOOK/TAX DIFF FROM K-1 INVESTMENTS | Desc |
| Amt | $1,665 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| DUES AND SUBSCRIPTIONS | $1,565 | $78 | $1,409 |
| INSURANCE | $1,135 | $284 | $568 |
| OTHER DED K-1 | $13,065 | $13,065 | $0 |
| BANK CHARGES | $59 | $3 | $53 |
| OFFICE SUPPLIES | $17,994 | $4,499 | $8,997 |
| MISCELLANEOUS EXPENSE | $250 | $0 | $250 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| ORDINARY PASS THROUGH INCOME/LOSS | -$5,949 | -$5,949 | -$5,949 |
| RENTAL INCOME FROM EPI K-1 | -$41 | -$41 | -$41 |
| ROYALTY INCOME FROM K-1 | $30,880 | $30,880 | $30,880 |
| MISCELLANEOUS INCOME FROM K-1 | $1,501 | $1,501 | $1,501 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER ADJUSTMENT - UNREALIZED | Desc |
| Amt | $130,067 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| OTHER PROFESSIONAL FEES | $33,180 | $0 | $0 |
| PROFESSIONAL FEES DIRECTLY RELATED TO CHARITABLE PROJECTS | $237,463 | $0 | $237,463 |
| ADMINISTRATIVE EXPENSE | $53,051 | $13,262 | $26,525 |
| INVESTMENT FEES | $119,033 | $119,033 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL TAX | CategoryTxt |
| Amt | $16,775 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $16,775 | DisbursementsCharitablePrpsAmt |